Taxes have always been one of the most difficult things to handle regardless of whether you run your own business or not. Even more so if you do not have a background in accounting or finance. Tax-related tasks aren’t easy, particularly when your whole day is packed with things to do. When you’re not able to afford enough money to employ an accountant, doing it on your own could be risky. If you miss one detail it could mean you need to repeat the process!
Nearly everyone would prefer to avoid this step. However, since it’s mandatory to be done, we can’t choose not to.
What is the best way to deal with it?
We can always make life easier by using tools like TaxJar.
We’ll look at this life-saving tool and how it can assist you. While this is lengthy but you’ll be able to gauge whether TaxJar is what you need right now.
Are you looking watching videos rather than watch them? Watch this video – by Marcus Stonelius on YouTube they also provide a comprehensive review of TaxJar’s features.
If you prefer to read, then let’s dive right in.
What exactly is TaxJar? TaxJar Florida File Tax
In 2013, TaxJar was established. TaxJar is an application that automatizes your filings, reports, and sales tax calculations. It is a solution for all aspects of your sales tax cycle. Furthermore, you can utilize it in all of your channels of sales to ensure that you are in compliance with your sales taxes. It makes the process simpler that could can take days to complete, and can be completed in a matter of just a few minutes.
TaxJar has been used in different industries such as food and beverage companies, SaaS, retail, services and even medical establishments.
What can it do to help you?
TaxJar is widely used by business owners who run online businesses to keep everything simple and organized. Let’s take a look at their features and services.
Features and services
One of the first things you’ll need to make sure is that your accounting tax system is compatible with your sales channel. If you’re selling through multiple channels, it is essential to keep everything in place. The last thing you want is to get a penalty for missing a single minor point.
TaxJar lets you display your most important data in one location. This means that there is no requirement to collect data from different channels and organize it into a single platform. All you need to do is integrate TaxJar and the platform will do all the rest.
In addition, TaxJar also integrates with other platforms to assist in the process of making payments. Here’s a list of platforms that they can connect with:
TaxJar lets customers make sales tax filings either manually or via TaxJar’s AutoFile feature. In our review we’ll look into both.
If you decide to do it manually, TaxJar will allow you to connect all the sales channels you use. When it comes time to the filing of income tax returns The team will guide you on managing them. But, it is up to you and your team members to complete everything on time. TaxJar is only there to help you understand what you need to do , but not to handle it.
If you’d prefer an Auto file, TaxJar will do the filling – that means you don’t have to submit the forms in a manual manner. With this feature, everything will be automated, from calculating taxes on sales in order to record and process it. However, there might be additional costs if the feature is not part of the plan you choose.
Sales Tax Reports
As mentioned earlier it is possible to use TaxJar to ease your accounting issues. The orders you place through your online channels can be combined into a single dashboard through this platform. Once you’re on the platform you and your team will have access to everything you need, such as an inventory of your transactions, reports, and data.
The greatest benefit of this option is the fact that it allows you to update automatically every day. They not only let to know the amount you’ve collected however, they can also help you determine when your next payment is due.
Their dashboard can also allow you to see the sales tax totals in your business. It is also possible to export the data as CSV format. CSV file, if you want to use it to aid in financial planning and accounting processes or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep the track of all the sales avenues you use. This means that you don’t have to scramble for your documents whenever you’re in a pinch. Even when you already have your accountant, this function can help them be more efficient.
Moreover, knowing the estimates for your sales tax in advance can help you allocate your funds better. You’ll know better how much budget you have for other operating costs.
What’s more is that TaxJar offers training and tutorials not only on their platform, but everything connected to sales tax. You can look through their guides, webinars, and blog for more info. In addition, their sales tax calculator can be beneficial when you’re planning to complete everything yourself.
How much does TaxJar cost?
We are aware of how important it is to set your budget. Some platforms offer superb features, but they’re sometimes too costly for the business you run. That’s why for this section we’ll take a look at TaxJar’s pricing structures and what each of those options can offer you. At present, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan starts at $19. They claim that it’s the best plan to help you in filing and reporting. It includes taxes on sales and sales as well as 4 annual AutoFiles for free, as well as an CSV import. Even with the basic plan, you can access their AI tax recommendations.
If you’re a small business manager, the plan should be ideal for you. It might not include all the features offered by TaxJar, but it has all the basics you require.
In addition, you can reach the support team via their support chart for email. You’ll also have access to their integration features.
If you’re looking for that is more than the standard features and options, then the Professional plan could be the one for you. It starts at $99, but you can increase it if you add custom features.
So how different is it from the basic plan?
In addition to having access to every one of Starter plan’s features, you also get access to their support via phone access to APIs, as well as advanced CSV import. Additionally, they allow you to have 12 free AutoFiles each year.
If you own a huge business, you might need to go for premium plans instead. It includes all of the features you need to make your tax filing easier. Moreover, they allow unlimited import integrations of data API integrationsfor team members, and AutoFiles.
There is also a team dedicated for managing the account. However, they don’t disclose the price of the Premium plan. will cost you. TaxJar Florida File Tax
However, they did say that this plan is tailor-fit for every user. The cost of the plan will be different according to what you require for your business.
It’s a good thing that you don’t have to risk your money to determine if this service is the right one for you. If you’re still looking into different options, they offer a 30-day free trial. It should give you enough time to gauge whether the service is a good fit for you.
Pros and Pros and
Now that we’ve covered all you must be aware of TaxJar Let’s relax. To summarize Here are the advantages and disadvantages of making use of TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features can help you to reduce time
- Available in most USA states
- Offers on the internet for sales tax calculator
- Support Service Team
- The dashboard is easy to navigate
- It offers a free trial of 30 days.
- It is able to be integrated with other platforms.
- It allows you to monitor multiple sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Certain countries will not have access to the API feature.
- Only applicable for USA customers.
- Owners and accountants should recheck local legislations
The Final Verdict
With everything clearly laid out TaxJar is an excellent platform for companies with many sales channels and utilizes plenty of platforms. If this sounds like the way you do, then you ought to try this.
Not only will it help you track your products and revenue however, it will assist you in meeting the deadlines you set. It is also a great platform for an accountant since they have the Tax Advisor program. You can get tips and get knowledge from their seminars on taxes by using it.
Utilizing TaxJar will help you get more done while keeping the track of each deadline or requirement you need to meet. If you live in an area with complex tax regulations, this will certainly help you to get your head around it. TaxJar Florida File Tax
But if handling your taxes is straightforward and straightforward, then TaxJar could be a waste of investment. If you have only one or two channels of sales, TaxJar won’t be needed to track all of it. In addition, if you find the whole procedure easy to complete, you might be better off doing it by yourself.
FAQ TaxJar Florida File Tax
What areas does TaxJar provide API assistance?
TaxJar currently supports countries like the United States, the EU, Australia, and Canada.
Can I incorporate Shopify with TaxJar?
Yes. You can link your Shopify account with TaxJar to make it easier to monitor and updates.
Do I have the ability to convert every kind of currency using TaxJar?
Unfortunately, no. TaxJar does not convert currency values. The transactions are in US$. If you’re using another currency, you’ll have to convert it into USUSD prior to when TaxJar can calculate the tax.